inflation

MAS seen to maintain monetary policy stance as growth slows sharply: Maybank
SINGAPORE (Apr 3): Maybank Kim Eng expects the Monetary Authority of Singapore to maintain its current monetary policy stance at the April meeting as growth slows sharply and core inflation eases. This comes after two straight tightening moves in Apr and Oct last year, when the MAS steepened the S$NEER appreciation bias slightly. Dampening growth outlook is a stronger Singapore dollar; ...
Slowdown more likely than global recession, says Oxford Economics, unless ...
SINGAPORE (Mar 25): The global economy may continue to slow down in the near term but the world will probably dodge a recession this year unless it is hit by big shocks or serious policy errors, says Oxford Economics. Since 1980, Oxford Economics says there have been eight significant global slowdowns in which world growth has decelerated below its long-term average of 2.9%. But of the ...
Singapore central bank chief says policy stimulus may not be necessary
SINGAPORE (Mar 4): Singapore’s monetary policy stance remains appropriate for current conditions and there is no need for policy stimulus if the economy performs as expected, central bank managing director Ravi Menon said. Growth will probably come in at the midpoint of the 1.5% to 3.5% forecast range for this year, or slightly lower, bringing “the economy back to its potential,” Menon ...
Singapore among few Asian countries forecast to enjoy real wage growth this year
SINGAPORE (Jan 31): Singapore’s workforce is due for an average salary increase of 4% this year compared to 3.7% predicted in 2018, according to a forecast issued today by consulting firm Korn Ferry. The data was drawn from Korn Ferry’s pay database of over 20 million job holders in 25,000 organisations across more than 110 countries. It showed predicted salary increases as forecasted by ...
Steady, not strong as Southeast Asia faces growth risks in 2019
SINGAPORE (Dec 26): Last year, economists predicted Southeast Asia would be blessed with a strong and vibrant 2018. For next year, they’re not quite so optimistic. Moderating economic growth and higher interest rates lie ahead. The Federal Reserve is set to keep everyone on edge as it navigates an even trickier interest-rate path in 2019, while the trade war between the US and China is ...
How Singapore's projected 2.6% salary increase for 2019 fare against global peers
SINGAPORE (Nov 22): After factoring in higher inflation of 1.4% as predicted by the International Monetary Fund (IMF), the average Singaporean employee is expected to see a real salary increase of 2.6% in 2019 – down from the 2.9% increase received in 2018 and slightly below the Asia Pacific average of 2.7%. Notwithstanding inflation, Singaporeans will see their salaries increase by 4% next ...
Amid the trade war, watch for inflationary risks in China: JP Morgan's Ulrich
SINGAPORE (Oct 25): The trade war between US and China has hogged headlines for the better part of the year. But amid all the new salvos of trade tariffs, China’s policymakers are to be mindful of another risk: Inflation, warns JP Morgan Asia Pacific’s vice chairman Jing Ulrich. In China, a third of the consumer price index basket comprises of food. Pork is practically ...
Fed's Powell says US outlook 'remarkably positive'
BOSTON (Oct 3): US Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the US economy that he feels is on the verge of a “historically rare” era of ultra-low unemployment and tame prices for the foreseeable future. It is a view, he said, based on how a changed economy is operating today, with businesses and households immunized by strong central ...
It's Asia's turn as worst hit emerging markets set to hike rates
(Sept 26): For the most hawkish central banks in Asia, Thursday’s choice is less about whether to raise interest rates than by how much. After Turkey and Russia surprised with strong policy action this month, the focus shifts to Indonesia and the Philippines this week as emerging markets struggle to contain a rout in their currencies. Pressure is building with the US Federal Reserve expected ...
Risks growing but still little chance of global recession: Oxford Economics' outlook
SINGAPORE (Sept 25): Oxford Economics says there is little chance of a global recession next year given evidence on the ground of a major and sustained worldwide slowdown is still thin. However, Oxford Economics has warned of a so-called “Bermuda Triangle” of interconnected risks that are at their highest since the Global Financial Crisis. In the Sept 24 report Global Macro Theme: ...